Curious, what do FBN’ers think of the recent report numbers?

I dont know anyone that had yields like ‘they’ report. Is it really out there?

(Chicago) The January USDA reports reinforced a soybean market that is no longer trading scarcity. NASS held the 2025 U.S. soybean yield steady at 53.0 BPA, while harvested acres edged 100,000 higher to 80.4 million, lifting production 9 million bushels to 4.262 billion. There was no supply-side relief in the data. Instead, USDA confirmed that the crop is large, broadly consistent with trend, and…

(Chicago) The USDA’s January suite of reports collectively reinforces a clear theme for corn: supply has outpaced demand, and the burden of adjustment is shifting to price and storage economics rather than usage growth. Final yield and acreage revisions pushed U.S. corn production to a record 17.02 billion bushels, up 269 million bushels from the prior marketing year and another 269 million…

(Chicago) The USDA’s January reports reinforce a consistent message for wheat: the U.S. balance sheet has loosened further, and the adjustment mechanism remains price and inventory management rather than demand expansion. In the January WASDE, U.S. wheat ending stocks for 2025/26 were increased to 926 million bushels, reflecting higher beginning stocks and weaker domestic use. This revision was…

(Chicago) Producers are watching closely ahead of the USDA's most significant data release of the year on Monday, January 12 at 11:00 AM Central. The January report includes updates to U.S. and global balance sheets through the World Agricultural Supply and Demand Estimates (WASDE), Final Crop Production, Quarterly Grain Stocks, and Winter Wheat Seedings reports. These reports will provide the…

(CHICAGO, IL) December 22, 2025…

(Chicago) December 19th, 2025…

(CHICAGO, IL) Outside markets were quiet today as traders largely sat on their hands ahead of tomorrow’s Fed decision. Grain markets reacted to a December WASDE that delivered exactly what was expected: a report nearly devoid of meaningful domestic changes. The USDA, as expected, didn’t make meaningful changes to most crops and avoided the harder adjustments on soybeans, wheat, and corn feed use,…

(Chicago) Markets traded two-sided to start this holiday week, with Wednesday expected to be much lighter than Mon and Tuesday and Black Friday, following Thanksgiving lighter still.…

January soybeans pushed to new annual highs early Tuesday, Nov 18th, briefly trading $11.69½ as New York got to their desks around 8:00 AM and positioned ahead of USDA’s 8:00 AM flash sales report. USDA confirmed 792,000 MT sold to China, about 7 to 8 cargoes. That’s a solid headline, but below Monday’s trade chatter, and beans gave up ground fast after the open. Futures posted their daily low…

Grain markets retreated across the board today as traders reassessed the strength and sustainability of this week’s soybean rally. Despite back-to-back days of sizable Chinese purchases, soybeans closed sharply lower, signaling that the bullish enthusiasm which pushed futures to 17-month highs may be losing steam. Corn and wheat followed, each giving back nearly 2%, while broader sentiment leaned…

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January soybean futures briefly rallied 35 1/4 cents before settling 3 cents off the high Monday, Nov 17. The early surge erased Friday’s washout as the market reacted to a new round of politically driven headlines and fresh rumors of Chinese buying. Traders entered the week preoccupied with the wide gap between the administration’s highly publicized purchase expectations and the very limited…

November 13th, 2025 12:00 PM…

Markets continue to hold within a higher range, particularly in soybeans, but have struggled to extend gains meaningfully since the first day of the month, as traders wait for the promised Chinese export business to materialize.…